Retail premises for sale in Surrey Street, Littlehampton BN17

Key Points

Description

An opportunity to acquire a well let mixed retail & upper parts residential investment property.

6 Surrey Street comprises a three storey premises with an A1/A2 unit on ground floor totalling approximately 700 sq ft & six upper floor letting rooms accessed from the rear of the property.
The upper floors (known as 6a) operate as an HMO & comprise a kitchen with bath/shower & WC rooms. Heating is via a gas boiler (untested).

Upper parts floorplan available to download. Please click the link above.

Location

Surrey Street is of the main retail locations in the West Sussex coastal town of Littlehampton. The town is approximately 12 miles east of Chichester & 9 miles west of Worthing. It has a resident population of approximately 60,000 people & has a large catchment area.

Sat nav: BN17 5BG

Income Details

Total Approximate income (we are advised) : £40,000 per annum

Ground Floor - £15,000 pa
First Floor - £25,000 pa

Legal Costs

Each party to pay their own costs incurred.

Viewing

By prior appointment with sole agent Brierley & Coe. Please call

Price

Freehold for sale with the benefit of the current income.

Price £565,000 + vat. A purchase at this level would show an niy of approximately 6.75% after purchaser's costs.